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Sep 02 - 04:55 PM

USD/JPY's New 24-Year Peak Pruned After Payrolls Report Trimmed Treasury Yields

By Content Admin  —  Sep 02 - 01:45 PM
  • USD/JPY well off its 140.90 EBS peak in post-NFP report Tsy swoon

  • Jobs data strong, but hinted at looser labor supplies, less inflation

  • USD/JPY overbought coming into Fri's 24-yr highs, so at pullback risk

  • Quick slip to 139.90 session low on EBS before modest bounce

  • Late sell-off in stocks helping the haven yen, more so on the crosses

  • Good support by 139 and 138.31 if ISM non-mfg misses Tues nL1N3091BV

  • Fri's high by 100% Fibo off Aug base, 161.8% is at 143.97 on breakout

  • Two-yr Tsy-JGB yield spreads down 11bp, 2-yr JGBs hit 25bp YCC cap Fri

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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